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Nonprofiteer
← HARLEM CHILDRENS ZONE INC

Form 990 for tax year 2023

Filed by HARLEM CHILDRENS ZONE INC.

Totals

Total revenue
$98,238,311
Total expenses
$133,872,818
Contributions and grants received
$93,324,113
Grants paid
$10,066,172
Program services expenses (Part IX)
$106,307,207
Management and general expenses
$25,419,337
Fundraising expenses
$2,146,274
Program service expenses (Part III)
$106,307,207

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KWAME OWUSU-KESSE

    CEO

    Total calculated
    $1,166,373
    From this org
    $918,740
    From related orgs
    $0
    Other
    $247,633
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $690,781
    Bonus
    $227,959
    Other
    $0
    Deferred
    $189,150
    Nontaxable benefits
    $58,483
    Filer's total
    $1,166,373

  • GEOFFREY CANADA

    PRESIDENT

    Total calculated
    $952,816
    From this org
    $735,183
    From related orgs
    $0
    Other
    $217,633
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $460,183
    Bonus
    $275,000
    Other
    $0
    Deferred
    $159,150
    Nontaxable benefits
    $58,483
    Filer's total
    $952,816

  • STANLEY F DRUCKENMILLER

    CHAIRMAN EMERITUS (NON-VOTING)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KEITH MEISTER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • STEPHANIE COLEMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MITCH KURZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MATTHEW C BLANK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DOUG BUCKMINSTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER Z COHEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DON K CORNWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANITA ELBERSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN HIGGINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK KINGDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHILIPPE LAFFONT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETH G LANGONE

    BOARD MEMBER (NON-VOTING)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ERIC W MANDELBLATT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BENITA MELTON

    BOARD MEMBER (AS OF 10/2023)

    Total calculated
    $0
    Hours/week
    1

  • ZACHARY J SCHREIBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHOK VARADHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANA A ANNAN

    COO (THRU 07/2023)

    Total calculated
    $527,956
    From this org
    $405,575
    From related orgs
    $0
    Other
    $122,381
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $170,965
    Bonus
    $174,994
    Other
    $59,616
    Deferred
    $102,900
    Nontaxable benefits
    $19,481
    Filer's total
    $527,956

  • RALPH STEFANO

    INTERM CFO (AS OF 02/2024)

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • CONNOR FOURNIER

    CFO (THRU 02/2024)

    Total calculated
    $483,977
    From this org
    $396,584
    From related orgs
    $0
    Other
    $87,393
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $346,584
    Bonus
    $50,000
    Other
    $0
    Deferred
    $76,650
    Nontaxable benefits
    $10,743
    Filer's total
    $483,977

  • JAZMINE LEWIS

    CHIEF STRATEGY OFFICER

    Total calculated
    $537,965
    From this org
    $428,346
    From related orgs
    $0
    Other
    $109,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,121
    Bonus
    $161,225
    Other
    $0
    Deferred
    $76,141
    Nontaxable benefits
    $33,478
    Filer's total
    $537,965

  • CHRISTIAN RHODES

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $330,320
    From this org
    $307,981
    From related orgs
    $0
    Other
    $22,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,981
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,339
    Filer's total
    $330,320

  • JENNIFER KLEIN

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $477,848
    From this org
    $367,720
    From related orgs
    $0
    Other
    $110,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,720
    Bonus
    $50,000
    Other
    $0
    Deferred
    $76,650
    Nontaxable benefits
    $33,478
    Filer's total
    $477,848

  • STEPHANIE C LILAVOIS

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $381,055
    From this org
    $282,887
    From related orgs
    $0
    Other
    $98,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,887
    Bonus
    $45,000
    Other
    $0
    Deferred
    $87,072
    Nontaxable benefits
    $11,096
    Filer's total
    $381,055

  • MICHAEL POHLY

    CHIEF INVESTMENT OFFICER

    Total calculated
    $234,664
    From this org
    $171,021
    From related orgs
    $0
    Other
    $63,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,021
    Bonus
    $0
    Other
    $0
    Deferred
    $5,160
    Nontaxable benefits
    $58,483
    Filer's total
    $234,664

  • JUSTIN MAKER

    SR. MANAGING DIR, HR (THRU 01/2024)

    Total calculated
    $407,918
    From this org
    $365,901
    From related orgs
    $0
    Other
    $42,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,932
    Bonus
    $115,969
    Other
    $0
    Deferred
    $8,539
    Nontaxable benefits
    $33,478
    Filer's total
    $407,918

  • TIFFANY FOUNTAIN

    SENIOR ADVISOR

    Total calculated
    $298,744
    From this org
    $248,056
    From related orgs
    $0
    Other
    $50,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,087
    Bonus
    $95,969
    Other
    $0
    Deferred
    $31,301
    Nontaxable benefits
    $19,387
    Filer's total
    $298,744

  • LINDA N IBUZOR

    CONTROLLER

    Total calculated
    $291,685
    From this org
    $248,950
    From related orgs
    $0
    Other
    $42,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,450
    Bonus
    $22,500
    Other
    $0
    Deferred
    $41,180
    Nontaxable benefits
    $1,555
    Filer's total
    $291,685

  • GREGORY FORBES

    MANAGING DIRECTOR, ECONOMIC MOBILITY

    Total calculated
    $320,254
    From this org
    $250,454
    From related orgs
    $0
    Other
    $69,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,566
    Bonus
    $56,888
    Other
    $0
    Deferred
    $36,322
    Nontaxable benefits
    $33,478
    Filer's total
    $320,254

  • LIAM MCCARTHY

    MANAGING DIRECTOR, DEVELOPMENT

    Total calculated
    $273,058
    From this org
    $239,441
    From related orgs
    $0
    Other
    $33,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,441
    Bonus
    $25,000
    Other
    $0
    Deferred
    $7,407
    Nontaxable benefits
    $26,210
    Filer's total
    $273,058

  • SERINA MOYA

    MGN DIRECTOR, HCZ K-12 AFTERSCHOOL

    Total calculated
    $263,674
    From this org
    $236,539
    From related orgs
    $0
    Other
    $27,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,325
    Bonus
    $43,214
    Other
    $0
    Deferred
    $6,219
    Nontaxable benefits
    $20,916
    Filer's total
    $263,674

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
FORM 990, SCHEDULE J, LINE 4(A) CHIEF OPERATING OFFICER, NANA ANNAN, RECEIVED A SEVERANCE PAYMENT OF $59,616 IN CALENDAR YEAR 2023; THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, SCHEDULE J, LINE 4(B) HARLEM CHILDREN'S ZONE HAS A SECTION 457(F) PLAN FOR CERTAIN ELIGIBLE EMPLOYEES. THIS GROWTH FUND PLAN ("THE PLAN") IS A TAX-DEFERRED EMPLOYEE SAVINGS PLAN THAT AIMS TO SERVE AS A RETENTION TOOL FOR DIRECTORS, OFFICERS, PRINCIPALS AND SENIOR STAFF. HARLEM CHILDREN'S ZONE MAKES AN ANNUAL DEPOSIT INTO THE PLAN THAT IS VALUED AT 150% OF THE INDIVIDUAL EMPLOYEE'S BONUS FOR THE CURRENT YEAR. THE EMPLOYEE'S ACCOUNT ACCUMULATES ASSOCIATED EARNINGS OR LOSSES ON THE INVESTMENT OF THE CONTRIBUTED AMOUNT IN THE NO MARGIN SENIOR GROWTH FUND, WHICH IS MANAGED BY DUQUESNE FAMILY OFFICE, AT NO COST TO HARLEM CHILDREN'S ZONE OR THE EMPLOYEE. THE AMOUNTS CONTRIBUTED BY HARLEM CHILDREN'S ZONE, ALONG WITH THE ASSOCIATED EARNINGS OR LOSSES, VEST AFTER FIVE YEARS FROM THE DATE OF THE INITIAL CONTRIBUTION AND WILL BE PAID TO ELIGIBLE EMPLOYEES WHEN VESTED. TERMINATED EMPLOYEES BECOME VESTED IMMEDIATELY AT THE DATE OF THEIR TERMINATION. EMPLOYEES WHO MEET THE AGE AND SERVICE PROVISIONS OF THE PLAN (AGE VESTING) ARE VESTED IMMEDIATELY UPON MEETING THOSE PROVISIONS. HOWEVER, IF A PARTICIPATING EMPLOYEE LEAVES VOLUNTARILY, INCLUDING RETIREMENT IF THEY HAVE NOT REACHED THE AGE VESTING PROVISIONS, THEN THEIR CUMULATIVE UNVESTED CONTRIBUTION MADE BY HCZ AND ASSOCIATED EARNINGS OR LOSSES ARE FORFEITED. FOR CALENDAR YEAR 2023, EMPLOYEES RECEIVED A PAYOUT OF DEFERRED COMPENSATION FROM THE PLAN AND THOSE AMOUNTS HAVE BEEN RECORDED IN SCHEDULE J, PART II, COLUMN (B)(II) AND, BECAUSE THAT PAYOUT REPRESENTS COMPENSATION THAT WAS REPORTED ON PREVIOUS FORMS 990 AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C), IT IS RECORDED IN SCHEDULE J, PART II, COLUMN (F). GEOFFREY CANADA, AN OFFICER OF HCZ, MET THE AGE AND SERVICE PROVISIONS OF THE 457 (F) PLAN (AGE VESTING) FOR CALENDAR YEAR 2023 THAT RESULTED IN IMMEDIATE VESTING OF HCZ'S GROWTH FUND CONTRIBUTION. THIS AMOUNT IS INCLUDED IN FORM 990, SCHEDULE J, COLUMN B (II). CHIEF OPERATING OFFICER, NANA ANNAN, RECEIVED A SEVERANCE PAYMENT OF $59,616 IN CALENDAR YEAR 2023; THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 7
HARLEM CHILDREN'S ZONE PROVIDES ANNUAL PERFORMANCE BONUSES TO ITS EMPLOYEES. THE BONUSES ARE DETERMINED AND APPROVED BY THE CEO, KWAME OWUSU-KESSE. BONUSES ARE APPROVED IN JUNE AND PAID OUT IN JULY (WHICH IS THE FOLLOWING FISCAL YEAR); HOWEVER, FOR 990 REPORTING PURPOSES, THE BONUS IS BOTH APPROVED AND PAID IN THE SAME CALENDAR YEAR (BUT DIFFERENT FISCAL YEARS); ACCORDINGLY, THE BONUSES ARE REPORTED AS CURRENT COMPENSATION IN COLUMN (B)(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349306351

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